Reinsurance Technician

Location London
Discipline: Claims
Job type: Permanent
Salary: £60000 to £65000
Contact email:
Job ref: J3762
Published: 29 days ago
Reinsurance Technician £60,000 - £65,000 London – Flexible hybrid working A top performing Syndicate are seeking an additional Technician for the Reinsurance team to ensure continued success, growth and profitability. Key responsibilities & accountabilities: • Analysis of inward claims in relation to outward reinsurance programmes. • Processing of reinsurance recoveries and calculation of reinstatement premiums. • Liaise with brokers, advising and collection of reinsurance claim recoveries. • Assist with maintaining the syndicate's reinsurance records, with application to reinsurance systems. • Reinsurance credit control processing and reporting of aged debt. • Processing of premiums and premium adjustment for non-proportional and facultative risk placements. • Quarterly premium process and claims on proportional quote share treaty accounts including calculation of annual profit commission. • Assist with monthly and quarterly close processing. You will need to be able to demonstrate you have the following skills and experience: • Prior experience within Lloyds reinsurance market • Working knowledge and familiarity with Lloyds Excess of loss, facultative and quota share placements. • Familiarity with LORS messages and their processing requirements. • Excellent working knowledge of a full suite of MS Office products to include Word and Excel, and ability to develop a full understanding of in-house reporting capabilities. • Well-developed communication skills both written and oral. • Excellent stake-holder management skills and a high attention to detail.